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JUPITERRESEARCH REPORTS THAT A LACK OF CONSUMER UNDERSTANDING WILL LEAD TO CONTINUED SLOW ADOPTION OF DVD RECORDERS
(New York, NY - June 8, 2004) -- JupiterResearch, a division of Jupitermedia Corporation (Nasdaq: JUPM), today announced that, according to its recently released report, "DVD Recorders: Assuming the Functionality of the VCR," consumers do not fully understand the benefits of the standalone DVD recorder and this will lead to continued slow sales.
Based on a JupiterResearch consumer survey, 6% of online consumers currently own a standalone DVD recorder with 7% planning to buy a DVD recorder over the next year. Despite low consumer interest, new standalone DVD recording devices are coming to market at a rapid pace. Device manufacturers stand to lose market opportunities if consumer awareness of the benefits of DVD recorders is not addressed.
"Consumers don't see the value in DVD recorders relative to the features they deliver over analog devices like VCRs, such as a built-in hard drive. If device manufacturers don't begin to educate the mainstream market, we will see adoption rates continue to be slow," said Michael Gartenberg, Vice President and Research Director, JupiterResearch. ̉Consumers indicate that they want only the similar functionality they have in a VCR: to record straight to disc and to re-record on that disc, leading to lack of interest in DVD burners with their more sophisticated and less understood features and higher prices," continued Gartenberg.
The complete findings of this report are immediately available to JupiterResearch clients online. For more information on the report or JupiterResearch's Personal Technology research service, please contact Kieran Kelly, Vice President of Global Sales and Client Service at 1-800-481-1212 or [email protected].
About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM), (www.jupitermedia.com)
headquartered in Darien, CT, is a leading global provider of original information, images, research and events for information technology, business and creative professionals. JupiterWeb, the online division of Jupitermedia, operates four distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and ClickZ.com for interactive marketers. JupiterWeb properties include more than 150 Web sites and over 150 e-mail newsletters that are viewed by over 20 million users and generate over 300 million page views monthly. Jupitermedia also includes: JupiterImages, one of the leading images companies in the world with over 3.5 million images online serving creative professionals with products like Comstock Images, Photos.com and ClipArt.com; JupiterResearch, a leading international research advisory organization specializing in business and technology market research in 18 business areas and 14 vertical markets; and JupiterEvents, which produces offline conferences and trade shows focused on IT and business-specific topics, including Wi-Fi Planet, Search Engine Strategies and Internet Planet.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which Jupitermedia competes; the unpredictability of Jupitermedia's future revenues, expenses, cash flows and stock price; Jupitermedia's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia's dependence on a limited number of advertisers; and Jupitermedia's ability to protect its intellectual property. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and Jupitermedia assumes no obligation to update the forward-looking statements after the date hereof.
Contact:
Lisa DiGiacomo
Marketing and Public Relations Associate
203-662-2870
[email protected]
All current Jupiter Research press releases can be found online at
www.jupitermedia.com/corporate/press.html.
All current Jupitermedia Corporation press releases can be found on the World Wide Web at http://www.jupitermedia.com/corporate/press.html.
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